Analyst: Bitcoin price hovering near $85,000 resistance level, whales' holdings reach six-week high
2026-10-02 08:13:57
According to CoinMeta, the price of Bitcoin remained around $83,100 on September 30th. Despite resistance at higher levels in the market, large holders accumulated 41,025 BTC in just 10 days, bringing their total holdings to 13.64 million BTC, which accounts for 67.93% of the total Bitcoin supply. Bitcoin is still below the supply range of $84,000 to $85,000, indicating accumulation on the strong chain but without a confirmed breakout. Bitcoin has fluctuated in the past few days, reaching a high of $87,363 on September 21st and closing at $83,503 on September 28th. The support level is between $82,000 and $82,800, while the resistance level is between $84,000 and $85,200. Analysts Ali Martinez point out that if $82,000 can serve as support, it could provide an opportunity to move towards the $100,000 target. Although whales have increased their holdings, there has been little change among small holders, and Santiment emphasizes that accumulation does not guarantee profits.
Source:The Coin Republic
This content is for market information only and does not constitute investment advice.
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